S&P 500:Bullish Divergence and 61.8% retracement

June 15, 2016

Pattern formed - classic bullish divergence. Potential Reversal Zone- 2060. S&P500 has recovered after making a low of 2063.70.it is currently trading around 2078. Short term trend is lightly bullish as long as support 2060 holds.

Any indicative break below 2060 will drag the index down till 2052 (90 day EMA)/2044. S&P500 index resistance is around 2077 (200 4H MA) and any break above targets 2088/2093/2108.50. It is good to buy at dips around 2072-75 with SL around 2060 for the TP of 2098/2108

Publication source
Vinson Financials Ltd information  Vinson Financials Ltd reviews

December 9, 2016
Coeure - ECB ready to do more
ECB board member Benoit Coeure commented the yesterday decision in a radio interview. The central bank announced QE tapering stressing that it does not mean less engagement...
December 8, 2016
Tapering and extending
The main challenge for markets today will be steering through the messages that emerge from the ECB meeting and press conference. Whereas the Fed meeting next week is seen as a near certainty in terms of its outcome, this is not the same for the ECB...
December 7, 2016
Oil ma pull back to $40
The oil price fell for the first time in 4 days today as skepticism creeped in over some OPEC member’s commitment to keep to their end of the deal and cut production...

XTB Rating
Larson&Holz IT Ltd Rating
EXNESS Rating
Tickmill Rating
FxPro Rating
FBS Rating

Grand Option Rating
TropicalTrade Rating
Beeoptions Rating
Empire Option Rating
OptionFair Rating
Binary Brokerz Rating